Consequences of Poorly Managed Use Tax
Use tax considerations are relevant across four areas for manufacturers: machinery and equipment, R&D, inter-plant transfers and inventory withdrawals — with the last one pertaining to distributors as well.
Despite how complicated use tax is, it’s important to both understand the regulations relevant to your manufacturing business and to ensure that your processes and software are accurate and efficient. This white paper will examine these issues, specifically:
- Possible consequences of poorly managed use tax, including overpayment of taxes, or audits and costly fees and penalties
- The four areas that trigger use tax
- How to protect your business from making use tax errors
Fill out the form to receive your copy of the Use Tax for Manufacturers and Distributors white paper. What you'll discover are challenges our industry faces more deeply with multiple scenarios to consider for remedying your pain points.